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A famous company 沃尔玛
The famous company
Wal-Mart;The background of Wal-Mart
The characterize of Wal-Mart’s strategy
Management Strategy
The Wal-Mart Culture;The founder;The background of Walmart;The 1970, marked the beginning of significant growth for the company. The first year of that decade saw the opening of the first Walmart distribution center.
The 1972, after being approved and listed on the New York Stock Exchange, Walmart stock split 100 percent for a second time, with a market price of $47.50.
;The 1983,the first Sam’s Club opened in Midwest City Okla. The same year, Walmart opened stores in Indiana, Iowa, New Mexico and North Carolina.
The 1990,Walmart became the nation’s No. 1 retailer , entering into California, Nevada, North Dakota, Pennsylvania, South Dakota, and Utah and acquiring the McLane Company of Temple, Texas.
;On April 5, 1992, Sam Walton passed away at the age of 74. Just weeks before, President George H.W. Bush presented him with the Medal of Freedom, the nation’s highest civilian honor, during a ceremony at Walmart headquarters.
;The year of 1997,Walmart became the largest private employer in the United States with 680,000 associates, plus an additional 115,000 international associates. Walmart also replaced Woolworth on the Dow Jones Industrial Average, and the company introduced One Source nutrition centers.;At the year of 2000, Walmart entered the new millennium with the appointment of H. Lee Scott Jr. as the third CEO of Wal-Mart Stores Inc. in 2000. That year, Fortune magazine ranked the company fifth in its Global Most Admired All-Stars list and named Walmart the third most admired company in America.
;The characterize of Wal-Mart’s strategy;Low cost: Wal-Mart has lower operating expenses than the industry average. The primary cost advantage is Wal-Mart’s superior distribution capability(location of stores, inside-out growth patterns, cross-docking, superior information management).
;High Volume: Industry analysts watch Wal-Mart’s growth o
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